Bear Stearns is planning to increase the risk controls at its money management division following the blowup of two of its hedge funds, according to a report in Tuesday’s Wall Street Journal.

UBS Securities LLC, the investment- banking division of Switzerland-based UBS AG, was accused by Massachusetts regulators of “dishonest and unethical'' practices in dealings with hedge-fund advisers, Bloomberg News reported.

Just a day after agreeing to an unconventional deal to go public, London-based hedge-fund giant GLG Partners LP settled U.S. accusations of illegal short selling, The Wall Street Journal reported Wednesday.

The Securities and Exchange Commission is examining the near-collapse of two Bear Stearns hedge funds that made bad bets on the mortgage market, The Associated Press reported Wednesday citing a person familiar with the matter.

Four hedge funds and Deutsche Bank AG were fined a combined 6.25 million euros ($8.4 million) by France's market regulator after an insider trading probe into a Vivendi Universal SA securities sale in 2002, Bloomberg News reported Thursday.

Tax-writing committees in Congress are weighing a curtailment of a little-known tax break that aides private equity firms and hedge funds in cutting their tax bills, The New York Times reported Thursday.